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100 Marka

Issuer Eesti Wabariigi (Republic of Estonia, Treasury)
Year 1920
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Shape Rectangular
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Reverse description The reverse is printed in a single muted tone and composed entirely of intricate guilloche lathe-work patterns covering the full surface. Two large oval guilloche vignettes, each bearing the numeral '100', are symmetrically placed at left and right center, surrounded by rosette and engine-turned geometric designs at each corner. The overall design is purely ornamental, with no inscriptions, serving as an anti-counterfeiting underprint.
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Protection description Elaborate engine-turned guilloche patterns on both obverse and reverse, including ornamental rosettes and interlaced geometric designs intended to deter counterfeiting.
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Estonia's first independent currency, the mark, was introduced in 1919 after the country severed financial ties with the collapsing Russian ruble system. The Treasury — not a central bank, which Estonia did not yet have — was the issuing authority, a reflection of how quickly the new state had to improvise its monetary infrastructure during the War of Independence against Soviet forces.

The Estonian mark was always a transitional currency. By 1928 it had been replaced by the kroon at a rate of 100 marka to 1 kroon, rendering the entire series obsolete within a decade of issue.

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